PADANIYA - The time is always right to do what is right

A day after winning Parliament's approval to the decision of allowing FDI in retail, Prime Minister Manmohan Singh on Saturday said the move will benefit farmers and consumers and help introduce new technologies in agri-marketing.  http://www.hindustantimes.com/India-news/Punjab/FDI-in-retail-will-benefit-farmers-says-confident-PM/Article1-970127.aspx

NEW DELHI: Attributing "sensationalism" over the CAG's presumptive loss figure of Rs 1.76 lakh crore for the "killing" of the telecom sector, government today said it plans to auction by March-end the circles that were not taken in the flopped sale of mobile phone spectrum this week.  http://timesofindia.indiatimes.com/business/india-business/2G-auction-flop-show-Where-are-those-Rs-1-76-lakh-crore-Kapil-Sibal-asks/articleshow/17242881.cms

New Delhi:  The Congress-led UPA government is in a minority and its immediate task is to ensure survival. It has been forced to scrounge for numbers by ally Mamata Banerjee, who announced yesterday that she was exiting the UPA government in protest against a menu of new reforms introduced last week. For months now, the Manmohan Singh government's plan B has been the support of Mulayam Singh Yadav or Mayawati to offset the loss of Mamata. It is time now to see if that plan works.    http://www.ndtv.com/article/india/sonia-gandhi-meets-pm-top-congress-leaders-to-discuss-mamata-banerjee-s-withdrawal-of-support-269173

New Delhi:  The Prime Minister has reportedly told his ministers that he will not sanction the cancellation of 142 coal blocks listed by the national auditor for being sold at a fraction of their true market rate to private and state-run firms. 

Consumer confidence in the country declined for the first time in nine quarters due to a fall in employment sentiment and subdued spending behaviour, according to the latest edition of the Nielsen global consumer confidence index released in Mumbai on Tuesday. http://www.dnaindia.com/india/report_consumer-confidence-falls-first-time-in-9-quarters-nielsen_1716088

Mumbai: In a highly volatile trade, the Sensex Monday tumbled 244 points as RBI unexpectedly kept lending rates unchanged sparking off hectic selling, especially in interest-sensitive stocks banks, realty and auto.

Facebook Inc’s initial public offering has so far generated lower-than-expected demand from institutional investors who are concerned about the company’s growth prospects, people with knowledge of the matter said.

NEW DELHI: Economic intelligence agencies have informed the  Finance Ministry  that a major chunk of illegal funds and  black money  is being generated and routed in the  real estate  sector of the country. 

New Delhi:  Indian babus tried to persuade S&P men to raise its rating , but were rudely shocked at what transpired thereafter. Standard & Poor's (S&P) credit analyst Takahira Ogawa listened politely as Indian govt officials at the finance ministry made an hour-long pitch for a ratings upgrade, citing economic growth prospects, revenues and their efforts to contain the government's fiscal deficit.

The Indonesian president said on Wednesday there was no immediate threat of a tsunami from an 8.6-magnitude earthquake that struck off Sumatra island. Indonesia has issued its own tsunami warning and an Indian Ocean-wide alert was also issued after the quake, but  President Susilo Bambang  Yudhoyono said there was no immediate threat.